Which of the following statements regarding serial bonds is false?
A. The principal on serial bonds is paid over the term of the bonds.
B. If the first payment is delayed for more than a year with equal payments thereafter, the bonds are deferred serial bonds.
C. The principal repayment on an annuity serial bonds decreases each year as the outstanding balance decreases.
D. The assets of a debt service fund may include Cash with Fiscal Agent.
Answer: C
You might also like to view...
The audit of year-end physical inventories should include steps to verify that the entity's purchases and sales cutoffs were adequate. The audit steps should be designed to detect whether merchandise included in the physical count at year-end was not recorded as a:
A. purchase in the current period. B. sale in the subsequent period. C. sale in the current period. D. purchase return in the subsequent period.
Correspondence analysis data is binary or categorical
Indicate whether the statement is true or false
Determine the initial shipping cost using the matrix least cost method.
XYZ has three supply chain locations with respective production capacities of an electronic component (Denver, Milwaukee, and Columbia) and three demand locations with their respective demand requirements for that electronic component. The demand requirements, production capacities, and the per-unit transportation costs are tabled in the transportation matrix shown here.
A. $30,000
B. $40,000
C. $24,000
D. $31,000
Identify the five steps of DMAIC
What will be an ideal response?